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20121120
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Search Results 0 to 13 of about 14 (some duplicates have been removed)
boehner. i'm not sure that i see it yet. the president said you have to go to the clinton area, 36% top marginal rate. and you said a few loopholes that's fine but not the real battle we should be undertaking. am i correct? >> now boehner we're back to% where we were before the election in some respects. there is a significant core of the republican party that simply will not raise taxes under any sixths. they will not raise rates. they still feel that they are pledged to grover norquist, maybe not to the american people. not to the constitution, but to grover norquist. therefore they're not going to go along--even if boehner wants them to go along. both sides the president and democrats on one side, boehner and the republicans are basically maneuvering for bargaining position for what is going to be a long-term negotiation. >> eliot: they're just shadow boxing, i think that's exactly right. i wonder and i'm trying to assess--i have no knowledge of what goes on inside the republican party but i'm trying to discern if boehner has more strength now than he did when this negotiation took p
they already agreed to that. i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration. >> let me turn to senator schumer on this point. >> so you have to approach both sides of it. >> let me turn to senator schumer. i'm going to ask you the same question. if the mandate is compromised, what do democrats have to be prepared to accept as a painful outcome in order to achieve compromise? >> well, i agree with you, the mandate is compromise. that's why we have a divided house and senate. and i think if the house stands for anything it's cut government spending, as tom coburn said, and i think we're going to have to do more of it. we heard the mandate in 2010, where i
boehner immediately saying he generally supportive of trying to close the loop holes. do you see that as raising taxes? >> what boehner said and in the republican position since republican we should reduce rates have economic growth many of which are put in by obama for the solyndra green-type energy programs. let's bring the rates down. boehner was clear he wanted increase revenues it is not a tax increase to put more americans at work. if our recovery was growing the rate reagans did more americans would be at work. in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from 15-20. where do you think that those four points will go in negotiations with the republicans? >
in the washington post this morning. a picture of president obama and john boehner. the upbeat tone was a dramatic shift from recent years when the president and a gop fortified by anti-government activists clashed repeatedly over spending and taxes. if he were to go to yesterday's new york times, they have a listening are at least pictures of the key leaders that will be involved in this process. to show you where they stand specifically on some issues, here is the president saying he will reject any bill that extends tax cuts for the wealthy. here is john boehner who has said raising tax rates is unacceptable and a new revenue should be generated by economic growth spurred by a simpler tax code and that closes loopholes and and deductions. there are some other leaders involved in this project. what do you think they will be able to do to keep the fiscal cliff from happening by the end of the year? that meeting taking place at the white house. here is some video from it. if you are looking at that again and you want to wait and on this topic, you can call in. your confidence on congressional lead
. >> reporter: speaker boehner even told his republican members they would have to avoid nasty fights, and according to "the new york times," they seemed to listen. but those words don't change a basic disagreement that could push the country off the fiscal cliff, the first of january. that's when a number of tax cuts expire, dubbed taxmageddon, meaning the average family will pay an extra $3,700 a year. and severe cuts to defense and government spending will be trigg triggered. the sticking point on avoiding that cliff? taxes. the president campaigned on and won on letting tax cuts for the rich expire. today, a leading republican said no. >> no republican will vote for higher tax rates. >> reporter: if that sounds a lot like the argument we've already heard, you're right. and democrats appear emboldened that rates for the rich rise. >> if the republicans will not agree with that, we will reach a point at the end of this year where all the tax cuts expire and we'll start over next year. >> reporter: the two sides have four more days to lay out their markers. on friday, congressional l
boehner wants a temporary deal that extends all the bush tax cuts and buys more time. democrats don't want to extend attach cuts at all even temporarily. we know going over the cliff would throw us into a recession but experts say if it's reversed within a couple weeks it wouldn't be catastrophic. if the two sides cut a deal referred to as the grand bargain, it's preferable in theory, but with democrats and republicans so far apart, it is unclear what we might have to sacrifice in order to get that bargain. third, the two sides could negotiate around the issue of taxes. this is a little more complicated, unclear how it might work. there would be some sort of trade-off and it seems unlikely. the fourth possible scenario, create a patch to get us through the start of the year, which is a short term extension of the status quo something republicans would like, because it extends the bush tax cuts. president obama did that once in 2010 and is not willing to do it again. finally, we could procrastinate with a little down payment sending the message we will get to it. it would be a small package
the looming budget crisis in washington. house speaker john boehner says republicans want to cooperate but not by raising taxes. >> here we go again. president obama addressed the crisis rather and other challenges he faces in his first post-victory news conference. abc's karen travers is joining us from washington with more. hi, karen. >> reporter: good morning, rob. good morning, paula. white house officials say they were expecting the president to get tough questions and yesterday he got them on a wide range of issues. in his first press conference in eight months, president obama said the american people knew what they were getting when they re-elected him. and his takeaway from last week's results -- >> i have got a mandate to help middle-class families. >> reporter: the fiscal cliff and mandatory spending cuts and tax increases is looming at the end of the year. >> i want a big deal. i want a comprehensive deal. >> reporter: the preside reiterated he is not backing down from the campaign pledge. >> a modest tax increase on the wealthy is not going to break their backs. they'll st
Search Results 0 to 13 of about 14 (some duplicates have been removed)